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COMMITTEE AMENDMENT ADOPTED
March 13, 2002
S. 870
S. Printed 3/13/02--S.
Read the first time January 15, 2002.
TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT FROM THE TAX THE GROSS PROCEEDS OF SALES OF ARTICLES OF CLOTHING PURCHASED BY A FOSTER PARENT FOR THE FOSTER PARENT'S FOSTER CHILD, TO PROVIDE THAT CLOTHING QUALIFYING FOR THE EXEMPTION, AND TO PROVIDE THAT THE DEPARTMENT OF REVENUE MAY REQUIRE THAT EVIDENCE OF ELIGIBILITY IT DETERMINES NECESSARY FOR THE ADMINISTRATION OF THIS EXEMPTION.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-3525. A foster parent is allowed a credit against the tax imposed pursuant to Section 12-6-510 for purchases of articles of clothing made by the foster parent during the taxable year for the foster parent's foster child. The credit may not exceed twenty-five dollars in a taxable year for each foster child placed with the foster parent. For purposes of this section:
(1) 'article of clothing' includes those items exempted by Section 12-36-2120(57)(a)(i), (ii), and (iii) and as further described in the most recent publication pursuant to Section 12-36-2120(57)(c);
(2) 'foster child' means a child placed with a foster parent by the South Carolina Department of Social Services;
(3) 'foster parent' means a parent licensed by the South Carolina Department of Social Services to care for a foster child placed with the foster parent by that department.
The Department of Revenue may prescribe requirements for that evidence of eligibility that it determines necessary for the administration of this credit."
SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 2001.
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